True or False

1. OPEC is an example of an export cartel.
2. Mercantilism is an economic theory that advocates pure socialism and is opposed to capitalism.
3. Some countries practice countertrade policies to protect "infant industries."
4. Brexit is a reaction to Globalization.
5. Globalization is the socioeconomic reform process of eliminating all trade barriers only in the First World.
6. Oberveable is what is visible on the surface, such as heroes, ceremonies and legends or values.
7. Symbols and traditions set the culture, as for example at Brooklyn College, the library tower or the school mascot of a bulldog.
8. President Anderson is BC's symbolic leader.
9. Workplace spirituality seeks to include and inspire core values such as respect, understanding, flexibility and integrity.
10. "Outsourced" demonstrates that many American companies are outsourcing or sending their work operations overseas or to other countries to save labor costs.
11. "Outsourced" demonstrates that globalization benefits the developing nations, such as India, more than the countries of the developed world.
12. Entrepreneurs have high energy levels.
13. "Outsourced" demonstrates that we should know and respect other cultures that differ from the American culture.
14. China and India have a strong growing middle-class.
15. Entrepreneurs have a strong tolerance for ambiguity or an uncertain business area.
16. Entrepreneurs are born, not "made."
17. Arrogance and self-confidence have the same meaning for a successful entrepreneur. This means one has to be arrogant to be self-confident.
18. You can only be a successful entrepreneur if you "know the right people" and are inflexible about your ideas because you are "always perfect in your decisions.
19. Many great business leaders are entrepreneurs and began out of necessity-based entrepreneurship. An example would be Jeff Bezos of Amazon who began his business out of his garage.
20. A small business has fewer than 500 employees, is independently owned, and does not dominate its industry.
21. Family businesses account for 78% of new jobs created in the United States and provide 60% of the nation's employment.
22. One can get started as an entrepreneur with a franchise or a startup.
23. Small businesses only fail because of insufficient financing.
24. Necessity entrepreneurship takes place because other employment options do not exist.
25. Tolerance is just the beginning for a real appreciation and understanding of other cultures.